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Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (26331)6/22/2013 11:28:23 PM
From: sylvester80  Read Replies (1) | Respond to of 32692
 
That should be enough for another 10% drop next week... LMFAO... too funny...



To: puborectalis who wrote (26331)6/24/2013 8:14:45 PM
From: sylvester801 Recommendation

Recommended By
zax

  Read Replies (1) | Respond to of 32692
 
‘Whipping boy of Wall Street’: Apple drops below US$400 on glut of unsold iPhones
Adam Satariano, Bloomberg News | 13/06/24 | Last Updated: 13/06/24 5:03 PM ET
business.financialpost.com

Apple Inc. dipped below US$400 for the first time since April as a glut of unsold iPhones prompted Jefferies & Co. to lower its target price, and Global Equities Research said low morale is causing employee departures.

Apple, the world’s most valuable technology company, fell 2.7% to US$402.54 at the close in New York, after earlier dropping as low as US$398.05. The shares have declined 24% this year, compared with a 10% gain in the Standard & Poor’s 500 Index.

The stock has retreated 43% from a record high in September amid concern that Chief Executive Officer Tim Cook has taken too long to deliver a new breakthrough product to help make up for stiffer iPhone competition. Retailers and wireless carriers have twice the normal levels of iPhone inventory, indicating that Apple is selling fewer handsets than expected, said Peter Misek, an analyst at Jefferies.

Trip Chowdhry, an analyst at Global Equities, also said morale is low and more Apple workers are seeking jobs at companies such as Google Inc. and Facebook Inc.

Apple is “a whipping boy of Wall Street right now,” Laszlo Birinyi Jr., the founder of Birinyi Associates Inc., said in an interview with Bloomberg Television last week.

In the second half of this year, Apple will build a maximum of 85 million iPhones, Misek wrote in a research report, less than his prior estimate for 110 million units. He rates the shares a hold and cut his target price to US$405 from US$420.

Google’s Gains

The stock slump is being felt by employees, Chowdhry said. Google’s shares, by contrast, have gained 23% this year.

“Recruiters are seeing more and more employees from Apple applying for jobs at Google, LinkedIn, Facebook and even Hewlett-Packard,” Chowdhry wrote in a research report.

Steve Dowling, a spokesman at Apple, declined to comment.

As of last week, Cook’s pay will be determined partially by Apple’s stock. In a change to his pay package, Apple’s board said on June 21 that about a third of the 1 million shares Cook was awarded when he succeeded Apple co-founder Steve Jobs in 2011 will now be determined by how the stock performs compared with other companies in the Standard & Poor’s 500 Index.

Other than a new MacBook Air laptop, Apple hasn’t had a new product go on sale since last year, leaving investors and customers awaiting the release of a new iPhone and iPad, which may arrive later this year. Apple’s profit fell for the first time in a decade in the most recent quarter, and analysts predict the slump will continue in the current period.

Bloomberg.com



To: puborectalis who wrote (26331)6/25/2013 10:44:03 AM
From: sylvester80  Respond to of 32692
 
LOL... only isheep losers own that CRAPple junk... does this POS ever go up?.. LMFAO... too funny...



To: puborectalis who wrote (26331)6/25/2013 11:00:27 AM
From: sylvester80  Respond to of 32692
 
BREAKING..Apple is a LOSER yet again...Samsung scores another win versus Apple, this time in Japan
Apple loses its appeal of a ruling that Samsung did not infringe on a patent for synchronizing music and video on its Galaxy smartphones and tablets, Bloomberg reports.
June 25, 2013 6:46 AM PDT

news.cnet.com



To: puborectalis who wrote (26331)6/25/2013 11:16:14 AM
From: sylvester80  Respond to of 32692
 
BREAKING.. European iPhone marketshare falls 5% in Q1 2013 according to IDC, whilst competitors grew
second place
June 25, 2013 / 7:10 am

Figures from IDC released today (via MobileNewsOnline) show that iOS smartphone marketshare fell 5% year-over-year in Europe, even though iPhone growth in the US was very strong in the same period.

Apple’s share fell from 25% in Q1 2012 to 20% in Q1 2013, representative of approximately 6.2 million unit shipments. IDC notes that European smartphone market grew overall at a rate of just 12 percent, the slowest increase the company has ever recorded. The weakness in demand evidently hit Apple, but competing Android manufacturers have seen substantial share gains in the slump. Close rival Samsung, for instance, saw shipments rise by 1.8 million units to account for almost half of the whole market. Sony was another benefactor, gaining six percentage points over the period when compared to last year.

Despite these gains, the changes were not enough to disrupt overall rankings of manufacturers. Samsung and Apple took first and second place in sales, the same as a year ago. From an OS-level standpoint, 21.9 million Android devices were shipped, an increase from 55% to 69%, and remained in the top spot. iOS accounted for 20% of the market. Windows Phone, largely due to sales of Nokia Lumia devices, replaced Symbian to become the third-largest operating system in Europe, with a 6 percent share of the market.

It should be noted that IDC reports shipments only, which may differ considerably from total sales of devices to customers.